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Moody’s Buys Risk Intelligence Technology Company RDC

RDC, a provider of risk intelligence compliance screening solutions located in the greater Philadelphia area, is to be acquired by Moody’s Corporation (NYSE:MCO). The amount of the deal was not disclosed. Moody’s will be acquiring RDC from Vista Equity Partners. Led by CEO Tom Walsh, RDC is a compliance screening company that provides anti-money laundering… Continue reading Moody’s Buys Risk Intelligence Technology Company RDC

Mercedes-Benz launches ‘Fast Lane Body & Paint repair’ services in 3 cities

AHMEDABAD: Mercedes-Benz on Thursday launched service program ‘Fast Lane Body & Paint repair’, where customers can get specified accident repairs jobs done within three days. This service is now available in Ahmedabad, Mumbai and Pune and soon will be rolled out across seven more cities in 2020. This is achieved through use of efficient processes,… Continue reading Mercedes-Benz launches ‘Fast Lane Body & Paint repair’ services in 3 cities

Tata Motors hopeful of liquidating inventory of BS-IV cars

KOLKATA: Leading automobile manufacturer Tata Motors is hopeful of liquidating inventory of its BS-IV cars by end of the current fiscal, as new emission norms will come into force from April 1, a company official said on Thursday. Presently, the inventory of BS-IV cars which the dealers across the country are holding is around 7,500… Continue reading Tata Motors hopeful of liquidating inventory of BS-IV cars

No, the Wuhan Virus Is Not a ‘Snake Flu’

Sharing data during an outbreak is vital for public health. But it can also lead to sensational, and even spurious, research, like a controversial new paper claiming that people probably picked up a novel coronavirus from snakes. One of the many mysteries behind the outbreak of a new respiratory-tract-attacking virus that’s now infected nearly 650… Continue reading No, the Wuhan Virus Is Not a ‘Snake Flu’

Germany Rejected Nuclear Power—and Deadly Emissions Spiked

On New Year’s Eve, while the rest of the world was preparing to ring in a new decade, employees of the German energy company EnBW were getting ready to pull the plug on one of the country’s few remaining nuclear power plants. The license to operate the two reactors at the Philippsburg nuclear facility expired… Continue reading Germany Rejected Nuclear Power—and Deadly Emissions Spiked

Former Ford CEO On Tesla’s “Iconic Brand”

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Published on January 22nd, 2020 |

by Johnna Crider

Former Ford CEO On Tesla’s “Iconic Brand”

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January 22nd, 2020 by Johnna Crider

Former Ford CEO Mark Fields had some things to say about Tesla this week. In what may be a surprise to some, Fields says that EVs are the future of the industry and the questions are: when is the payoff, and what are the adoption rates? He says that, if you look at all that Tesla has done, “they have really created a very — kind of — iconic brand for electrification.”

He also says, “[Elon’s] done a very good job with his organization in creating an aspirational brand for electric vehicles,” Fields also points out that Tesla is beyond “just an automotive maker” and cites that Tesla has solar and energy storage businesses under its wings. He thinks that all of this mixed in with the production in Shanghai and the new factory being built in Germany is something that investors are getting excited about.

“The question is,” Fields says in the video, “will there be natural demand to get mass adoption? And Tesla’s done a really good job on early adopters and creating that brand.” When asked about if people are buying Teslas because of the brand or because they are EVs, Fields says that, “if you talk to the customers, they are buying it because of the brand.” He points out what the majority of Tesla owners love about the vehicles: they are cool, stylish, and they help the environment since they do not emit carbon. Fields also talks about something that isn’t really talked about regarding Tesla, and that’s the software aspect of the vehicles. “They have a big advantage over the traditional OEMs,” he says.

It’s good to see a former Ford CEO pointing out that EVs are the future of the industry and sharing that Tesla has turned itself into an iconic brand leading the industry. What isn’t mentioned is Tesla’s factory-direct business model. There are no dealers or middle men to worry about, and this is a definite pro for those who hate negotiating. If I know something is worth a X dollars, I don’t want to have to argue over the price with someone in the middle who wants to profit off of me. Another thing Tesla has in its favor is the fact that it has limited model lineup options available, which makes the entire process streamlined and more efficient.

Right now, Tesla has seven variations of vehicles. In comparison, the Porsche 911 model has at least 20 variations of one model. Sometimes, when you have too many choices of one thing, it becomes boring. I’ve seen this in my own gem/jewelry business — people love variety but in the right amount.

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About the Author

Johnna Crider Johnna Crider is a Baton Rouge artist, gem and mineral collector, and Tesla shareholder who believes in Elon Musk and Tesla. Elon Musk advised her in 2018 to “Believe in Good.”

Tesla is one of many good things to believe in. You can find Johnna on Twitter

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Kura Oncology Chief Medical Officer Plans to Step Down Next Month

January 23rd, 2020 Xconomy San Diego — Kura Oncology (NASDAQ: KURA) announced Thursday that its chief medical officer, Antonio Gualberto, would step down on Feb. 7 “to pursue other opportunities.” In a research note, SVB Leerink analyst Jonathan Chang said Gualberto was leaving Kura to take over as head of development at an “large Asian… Continue reading Kura Oncology Chief Medical Officer Plans to Step Down Next Month

Tesla Cybertruck Becomes Cybertank In Latest Renderings

The Tesla Cybertruck has been re-imagined as the Tesla Cybertank in these latest renderings. Now, it can surely do a tank turn like the Rivian R1T can. The tank turn rage was brought to life recently in the EV world by Rivian with its quad-motor R1T electric pickup truck. This feature, though likely hard on… Continue reading Tesla Cybertruck Becomes Cybertank In Latest Renderings

Sri Lanka’s Super EV: Here Are The Real Specs For The Vega EVX

Sri Lanka is probably proud of Vega’s team of engineers. They will present in March, at one of the leading world stages, the country’s first super EV. The EVX will be the company’s main attraction at the 2020 Geneva Motor Show, and we already wrote about it here. The deal is that this super EV… Continue reading Sri Lanka’s Super EV: Here Are The Real Specs For The Vega EVX

Aiways To Present Europe-Ready U5 And New U6ion Concept In Geneva

Aiways announced that at the upcoming 2020 Geneva Motor Show, it will not only show a production version of the Aiways U5 for the European market but envisions the possibility of short 10-minute test drives too. Sales of this new mid-size SUV in China are already underway, while in Europe it’s scheduled for April 2020. Volume… Continue reading Aiways To Present Europe-Ready U5 And New U6ion Concept In Geneva